Yonkers plans to go after transfer tax cheats

5:11 PM,
Jan. 10, 2013

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As part of his administration's effort to shore up the city's finances, Mayor Mike Spano is go after nearly $1 million in unpaid property transfer taxes.

"There are individuals and businesses who believe they can bypass the system and avoid paying a tax that goes directly into our funding stream," Spano said in a statement. "Time has come for this to stop. I've called upon our legal and finance teams to aggressively pursue these property owners so we can collect money rightfully owed to the city."

Yonkers requires property sellers to pay a tax of 1.5 percent of the property's sale price to the ...